About IG South Africa
We have a longstanding commitment to South Africa. Established in 2010, IG Markets South Africa Limited (IGMSA) has been regulated by the FSCA (formerly the FSB) operating with a FAIS license, FSP No 41393 and is an over-the-counter derivative provider.
Call 010 500 8624 or email newaccounts.za@ig.com to talk about opening a trading account. We’re here 24 hours a day, from 9am Saturday to 11pm Friday.
Contact us: 010 500 8624
What we do
Our office in South Africa has a dual purpose. Firstly, to give South African traders access to thousands of financial markets, and secondly, to provide an operations hub that provides services to the wider IG Group.
Based in Sandton and staffed by South Africans, over the last ten years we have successfully grown to meet the needs of South African clients, receiving numerous awards in recognition.
Our board and senior management in South Africa consist of largely South Africans making us a truly South African operation. As one of the biggest employers in the online broking category, we are proud to be playing a leading role in the growing financial services industry in South Africa.
Why IG South Africa?
Trusted and regulated
We respect South African regulatory compliance and oversight. We know from our interactions with regulatory authorities across the world that the South African financial regulators are highly respected for their oversight of the South African financial services sector and financial system.
We regularly work and interact with the FSCA , the SARB, National Treasury, the FIC and the JSE.
Best Practice
We work hard to share best practices and to bring innovation and new thinking to all the markets we serve.
We believe our industry should not only subscribe to the South African regulatory requirements, but that it is necessary for all participants to ascribe to a code of conduct and standards that will ensure the integrity of our industry.
Investment in South Africa
In line with our Group ESG programme we use funds made available through our Brighter Future Initiative to improve educational opportunities for the least privileged young people in our global communities.
In addition, we have allocated more than R600,000 to local charities to assist those, hardest hit by the COVID-19 pandemic.
Leadership
Our executive and non-executive board members ensure that IGMSA is well positioned for the short, medium and long-term.
- Aphindile Bokleni
- Ndabezinhle Mkhize
- Candice Glossoti
Aphindile Bokleni
Executive Director & Chief Executive Officer
IGMSA
Aphindile studied at the University of Witwatersrand, majoring in Finance and Investments. He also holds a Chartered Alternative Investment Analyst (CAIA) qualification.
Aphindile commenced his career with a brokerage firm offering asset management, stockbroking and trading services. During this time he acquired operational experience working with the trading desk that involved dealing with trade processes, managing risk reports and working with a variety of trading software.
He then joined IG in 2015 as a Sales Trader, where his operational expertise and leadership qualities were quickly recognized. In 2018 he was tasked with establishing a new trading services team in Bengaluru, India, where he spent a year as an Operations Manager. On his return to South Africa, he was appointed Team Leader: Trading Services, and became a member of the senior management team. In 2020 Aphindile was appointed as Chief Operating Officer of IGMSA until assuming the role of Chief Executive Officer in November 2023.
Ndabezinhle Mkhize
Non-Executive Director & Independent Chairperson
IGMSA
Ndabezinhle has 22 years’ experience in the investment space in South Africa.
He currently holds the role of Chief Investment Officer at Eskom Pension and Provident Fund. He is an independent non-executive director of JSE-listed Fairvest Property Fund, where he serves as chairman of the Audit & Risk Committee. He is also chairman of the Asset Owners Forum South Africa. Ndabe brings a sound knowledge of investments across asset classes and geographies, as well as an asset owner mind-set from his current role.
Ndabezinhle is a Chartered Financial Analyst and Chartered Alternative Investment Analyst. He graduated from the University of Cape Town with a Bachelor of Science degree in Actuarial Science.
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Candice Glossoti
Non-executive Director
IGMSA
Candice is a lawyer and seasoned Legal, Risk and Compliance Executive in financial services across Sub-Sahara Africa.
Candice is currently owner and director of LRC Advisory, which consults and advises the financial services sector on Regulatory Legal Risk and Compliance matters. She started her career at the derivatives trading desk at JP Morgan and has come full circle working extensively in banking, asset management, insurance and microfinance over the last 20 years.
Candice is a registered Compliance Officer and holds a BA, LLB from the University of KwaZulu Natal, South Africa.
Executive Management Team
Our executive management team ensures the management of the day-to-day business operations as well as holds responsibility for profitable sales growth, increasing market share, implementing change and forming strategic alliances that will help the company achieve its goals.
- Prishani Maheeph Moonsamy
- Lynn Van Coller
- Kassandra Seethal
Prishani Maheeph Moonsamy
Head of Compliance
IGMSA
Prishani was appointed as Head of Compliance, South Africa in April 2023 and is currently a member of the Executive Committee.
Prishani holds qualifications including a Master of Laws Degree in Business Law and has experience around regulatory compliance pertaining to financial services providers and expertise in over-the-counter derivative provider (ODP) regulation.
She assumed many regulatory appointments throughout her compliance career, including Money Laundering Reporting Officer, FAIS Compliance Officer, as well as Senior Manager of an ODP.
Prishani is responsible for the compliance function, ensuring that the SA business complies with regulatory requirements and internal policies (amongst others) as well as working closely with the business to identify and manage regulatory risk.
Lynn Van Coller
Senior Risk Manager
IGMSA
Lynn was appointed as Senior Risk Manager, South Africa in July 2021. She is a member of the Executive Committee and chairs the IGMSA Risk Committee which reports into the Audit and Risk Board sub – committee.
Lynn has over 20 years of experience in the financial industry. She has a PhD in Applied Mathematics which she obtained from the University of British Columbia in Canada.
Lynn has worked in various senior risk management positions in the banking industry, as well as in the investment management industry. She pioneered the portfolio construction methodology at RMB Asset Management, tailoring an approach used offshore for the South African market.
She went on to lead the multi-asset investment team at Momentum Asset Management before moving into consulting on investment portfolios and company strategy in the insurance, asset management and wealth industries.
Kassandra Seethal
HR Business Partner
IGMSA
Kassandra was appointed as Human Resources Business Partner, South Africa in July 2021. She is a member of the Executive Committee.
She holds a Bachelor of Social Science with majors in Psychology and Human Resources from the University of KwaZulu Natal, South Africa.
Kassandra has 15 years of experience in Human Resources and prior to joining IG, she worked at Sasfin Bank for six years.
Her function is to support the business to deliver on its people strategy.
Award-winning service
We have received numerous industry awards in South Africa including SA's Best CFD Provider in 2020, Intellidex, Top Stockbroker awards and SA's best Online Broker in 2015 and 2017, Intellidex Investors Monthly Top Stockbrokers Awards as well as SA's Top CFD Broker, Intellidex Top Securities Brokers Awards 2021
Open an account now
Open an account now
Fast execution on a huge range of markets
Enjoy flexible access to 17,000 global markets, with reliable execution
React faster with powerful technology
Our platform and apps are intuitive and highly responsive, so trading opportunities are always within reach
Grow your confidence with an established provider
We’re a FTSE 250 company that’s been leading our industry for nearly 50 years, so our expertise is second to none
Open an account now
Open an account now
Fast execution on a huge range of markets
Enjoy flexible access to 17,000 global markets, with reliable execution
React faster with powerful technology
Our platform and apps are intuitive and highly responsive, so trading opportunities are always within reach
Grow your confidence with an established provider
We’re a FTSE 250 company that’s been leading our industry for nearly 50 years, so our expertise is second to none
Our purpose and values
Purpose
To empower informed, decisive, adventurous people with access to opportunities in financial markets
Vision
To provide the world's best trading experience
Values
Underpinning our vision and purpose are our core values:
Champion the client
Learn fast together
Raise the bar
A sustainable business model
Our business model is based on giving clients the opportunity to trade the world’s financial markets, in exchange for fair and proportionate transaction fees; in doing so we seek to develop long-term relationships based on mutually aligned interests.
IG’s business model negates the potential conflicts that can arise in an OTC business, as IG internalizes client flow and hedges residual exposure when it exceeds IG’s Board-Approval Limits.
This approach aligns IG’s interests with those of our clients and reduces the trading costs for its clients to benefit from our exceptional execution and deep liquidity, which combines market liquidity and the company’s internal liquidity to maximise the likelihood of execution while minimizing price impact.
Choose the No.1 FX retail provider1
IG is home to more retail forex traders in South Africa than any other forex trading. Why trade with anyone but the No.1?
Choose the No.1 FX retail provider1
IG is home to more retail forex traders in South Africa than any other forex trading. Why trade with anyone but the No.1?
Choose the No.1 FX retail provider1
IG is home to more retail forex traders in South Africa than any other forex trading. Why trade with anyone but the No.1?
Choose the No.1 FX retail provider1
IG is home to more retail forex traders in South Africa than any other forex trading. Why trade with anyone but the No.1?
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1 Based on revenue (published financial statements, 2022)
2 Awarded 'best finance app' and 'best multi-platform provider' at the ADVFN International Financial Awards 2020
3 Negative balance protection does not apply to professional traders.
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